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SHARE CAPITAL AND OTHER EQUITY INSTRUMENTS (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTION

A summary of activity under the Company’s incentive plan for the three months ended March 31, 2022 is presented below:

 

   Number of Shares   Weighted Average Exercise Price   Weighted Average Grant Date Fair Value   Weighted Average Remaining Contractual Term (years)   Aggregate Intrinsic Value 
Outstanding at December 31, 2021   1,191,434   $1.58   $2.07    5.3   $34,333 
Forfeited   (50,000)   3.50    2.81         
Outstanding at March 31, 2022   1,141,434   $1.50   $2.03    4.9   $ 
                          
Exercisable at March 31, 2022   958,915   $1.50   $2.01    4.2   $ 
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted common stock was as follows for the three months ended March 31, 2022:

 

   Number of shares   Weighted average fair value 
Non-vested at December 31, 2021   51,509   $2.83 
Granted   1,872,215   $0.67 
Forfeited   (35,000)  $2.93 
Vested   (10,032)  $3.05 
Non-vested at March 31, 2022   6,477   $1.93 
SCHEDULE OF WARRANTS

The following table summarizes information about shares issuable under warrants outstanding at March 31, 2022:

 

   Warrant shares outstanding   Weighted average exercise price   Weighted average remaining life   Intrinsic value 
Outstanding at December 31, 2021   9,768,766   $2.62    3.4   $801,024 
Granted   23,000,000    0.55         
Outstanding at March 31, 2022   32,768,766   $1.17    4.4   $35,729 
                     
Exercisable at March 31, 2022   32,768,766   $1.17    4.4   $35,729 
Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

The Company’s activity in restricted stock units was as follows for the three months ended March 31, 2022:

 SCHEDULE OF RESTRICTED STOCK UNITS AND AWARDS ACTIVITY

   Number of shares   Weighted average fair value 
Non-vested at December 31, 2021   3,100,613   $2.52 
Granted   1,872,215   $0.67 
Forfeited   (134,794)  $3.99 
Vested   (44,932)  $3.99 
Non-vested at March 31, 2022   4,793,102   $1.75 
SCHEDULE OF STOCK-BASED COMPENSATION FOR RESTRICTED STOCK UNITS

The following table summarizes the Company’s recognition of stock-based compensation for restricted stock units for the following periods:

 

         
   Three months ended March 31, 
Stock-based compensation for RSU  2022   2021 
General and administrative  $358,818   $3,559,453 
Research and development   360,949     
Total  $719,767   $3,559,453